Highland Gold Mining Ld Share Discussion Threads

[plasybryn] 01/9/2020 08:41

What's happened to the Sept/Oct dividend?

[g0ldfinger] 31/8/2020 09:33

Shay,

With covid outbreaks providing a very real risk of temporary mine closure, disrupted supply of essential equipment, shortage of fuel to power generators/trucks, closed refineries, transport disruption etc, I’ve been focusing on trimming larger holdings and taking smaller stakes in a wider diversity of companies and countries.

The coup in Mali reinforced my belief that diversification is a wise move in the current climate. I was fortunate that I had just reduced my LSE:HUM. I sold my remaining shares near the recent low. However, HUM is a very promising company, so I’ll probably end up paying a much higher price to buy back in after the political upheaval settles.

I’m currently favouring funds because they provide a much greater diversity than I could manage with individual investments.

The following are worth a look imo.

LSE:GPM are a small fund with around 50 investments. They have been actively top slicing their best performers and participating in placements of companies which have lagged due to lack of funds.
In theory, the placements should give those companies the missing piece to participate in the bull run.
LSE:GPPS subscription shares offer leverage to GPM until the end of October. They are well in the money and are likely to give GPM a very large cash injection. I'm looking forward to the November fact sheet to see where the fund managers invest all the extra cash.

LSE:BRGG is a large fund focused on the big caps. Probably doesn’t have the same upside potential, but should be much more stable if gold and silver prices become increasingly volatile.

LSE:BRWM is a general mining fund with around 30% gold/silver exposure. Trades at a good discount to NAV and pays about 5.4% dividend.

LSE:CYN has an interestingly unusual portfolio with about 25% exposure to gold and around 6% exposure to silver. Trades at a good discount to NAV and pays about 6.2% dividend.

If you don’t mind investing overseas, Sprott and VanEck both have a range of gold and silver funds.

One final thought; be wary of profit predictions.
During the run up to the 2011 peak, many of the miners used the rising gold price to process their burgeoning low grade stock piles. This caused their production cost per ounce to rise dramatically. Many posters were looking at previous costs and calculating that companies should've been making over $1,000 profit per ounce.
By using up their low grade piles, the companies were actually making less than half that.
After such an extended period of low gold prices, many of the surviving gold producers will once again be looking to free up the vast amount of space taken by years of stockpiled marginal ore.
Many of them will probably be adjusting their mining plans to extend mine life by incorporating previously ignored low grade ore into reserves.

Best of luck with your investments.

[tombag] 30/8/2020 02:33

Shay: Take a look at AAZ

[srpactive] 29/8/2020 22:04

I hold three other miners paf, poly and ggp.

[shayadfn] 29/8/2020 12:58

hgm's been good for me, I started trading it at 85p, collected a lot of div since 2017, currently holding 145k till the buy out. Possibly add to my haul in cey (which is reduced in 2017 to reduce my risk exposure and take profits, to and from a single company and started with hgm). However, I have added to my cey over the last two and half years. Both companies have been mega producers for me. Reduced my GVC which previously a good earner but the current situation with covid looks a tad dicey. I want to add to my gold sector so anyone any alternatives when the cash from hgm come?

[nerdbirder] 28/8/2020 13:38

I think maybe some of these gold miners are still relatively cheap even with the high gold price priced in - oil and lng are also very cheap at the moment, and as I understand it energy makes up a significant outlay for miners

[srpactive] 28/8/2020 13:08

I think the results next week will also confirm the bid timetable.

Deal done I feel.

active

[srpactive] 28/8/2020 09:33

oddo continue to buy.

[zangdook] 27/8/2020 11:37

but seriously, if people want to know where the money will go, some of mine is going to MPO, in a completely different sector, at a large discount which is only partly warranted imv. Otherwise the usual alternative russian / ex-Soviet goldies eg AAZ, TSG; I'll also be looking at other goldies, but as someone said above, gold is already fairly high so it won't all go there.

[meanreverter] 27/8/2020 11:02

Michael Green at Stockopedia issued a report on Tuesday:

hxxps://www.stockopedia.com/articles/highland-gold-mining-passes-these-three-dividend-tests-112798/

Strangely, he makes no mention of the takeover situation that we have been mulling for weeks.

[geckotheglorious] 27/8/2020 09:23

Zang

Hookers and BLOW! :)

[zangdook] 27/8/2020 09:03

hookers and coke for me

[nerdbirder] 27/8/2020 09:00

Uk George thanks for hummingbird that looks very interesting

[wbodger] 26/8/2020 21:23

I might wait and see if Trump looks like getting back. If yes, the oilies look attractive. If no they might look even more so after a panic fall.

(I hate buying more gold shares when there has been a good run. Risk possibly > Reward? But tempted by FNV.)

Still hopeful of a divi announcement next week, and 300p in addition. HGM must have coffers overflowing with gold, and Fortiana are trying to get the key without paying this year's interim div. <<Aux barricades, mes braves!!>>

Srpactive you seem to like Abramovic companies...

[srpactive] 26/8/2020 20:54

gtg

Yes some good choices, I will keep a fair percentage cash, a portion in
dividends a large pot for trading as I feel the markets will
see saw over the next twelve months.

dyor

active

[geckotheglorious] 26/8/2020 16:40

SRP,

Will be buying more Barrick, KL myself...Perhaps some more Shell,BAT, and some GSK

[srpactive] 26/8/2020 16:17

guk

Thank you.

I am going to put some of mine in gvc and evraz myself.

dyor

[ukgeorge] 26/8/2020 15:50

A home for your hgm cash

SPAngel view

Hummingbird Resources (HUM LN) – Interims highlight strong earnings reflecting better gold prices

Hummingbird Resources (HUM LN) 34p, Mkt Cap £122m – Interims highlight strong earnings reflecting better gold prices
• Revenue totalled $92.0m (H1/19: $67.1m) reflecting higher realised gold prices of $1,621/oz (H1/19: $1,304/oz).
• Gold sales amounted to 56.1koz (H1/19: 51.0koz) at AISCs of $936/oz (H1/19: $1,135/oz)
• EBITDA came in at $38.9m (H1/19: $9.9m)
• PAT was $22.8m (H1/19: -$6.5m).
• FCF (post interest) amounted to $18.3m (H1/19: $3.3m) helping to continue deleveraging the balance sheet.
• Net debt (including leases and investments) came down to $30.0m (FY19: $38.0m) with the Company reporting 4koz in gold inventory on hand as of 30 June worth around $8m further reducing outstanding net debt balance when accounted for.
• Bank debt is on course to be fully repaid by the end of H1/21.
• The Company reported it has not been yet affected by the latest political unrest in Mali. The Company's in-country security team is monitoring the developments closely and keeping the operations, contractors and management teams well informed.
• The Company reported 10 positive COVID-19 cases during the period with all individuals having now fully recovered and are back at work. The team is monitoring some new COVID-19 cases with the health and safety department continuing to implement stringent protocols to help minimise the risk of further infections.
• FY20 guidance reiterated at 110-125koz at $995/oz in AISC.

[srpactive] 26/8/2020 15:41

Not that it will make any difference to the 300p but
our results should be out next week. The size of the
dividend and whether we can keep it and the bid remains
at 300p is the question. Hopefully yes.

dyor

active

[srpactive] 26/8/2020 08:08

Excellent results from poly, dividend up 100% and eps and earnings
similar.

dyor

[geckotheglorious] 21/8/2020 11:40

It's all over bar the shouting.

A pity indeed.

But you win some, you lose some..And we've definitely missed the cream on the cake here that's for sure.

[nickwild] 21/8/2020 11:15

RNS today - ownership transfer to VS

Vladislav Sviblov, a citizen of Russia

23.95% (indirectly through his wholly-owned subsidiary Fortiana Holdings Limited)

-

23.95% (indirectly through his wholly-owned subsidiary Fortiana Holdings Limited)

[srpactive] 20/8/2020 09:42

As I mentioned yesterday oddo buying more.

[srpactive] 19/8/2020 10:12

oddo appear to be buying further, thye must be very confident
of this 300p bid very soon.